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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
Authentic Fitness Corporation
(Name of Issuer)
Common Stock, $.001 par value
(Title of Class of Securities)
052661105
(CUSIP Number)
February 13, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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- -------------------------
CUSIP No. 052661105 13G
- -------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John J. Lattanzio
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
609,700
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,598,900
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 609,700
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,598,900
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,208,600
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.97%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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- ------------------------
CUSIP No. 052661105 13G
- ------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lattanzio Group, LLC
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
None
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,598,900
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,598,900
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,598,900
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.22%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
3
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- -------------------------
CUSIP No. 052661105 13G
- -------------------------
- ---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael J. Linn
- ---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ---------- ---------------------------------------------------------------------
3 SEC USE ONLY
- ---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------- ------ ----------------------------------------------------
5 SOLE VOTING POWER
None
------ ----------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 1,598,900
OWNED BY
------ ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON None
WITH
------ ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
1,598,900
- ---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,598,900
- ---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
- ---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.22%
- ---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
4
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Item 1(a): Name of Issuer:
- ---------- ---------------
Authentic Fitness Corporation (the "Company").
Item 1(b): Address of Issuer's Principal Executive
- ---------- Offices:
---------------------------------------
6040 Bandini Boulevard
Commerce, California 90040
Items 2(a) Name of Person Filing; Address of Principal
and 2(b): Business Office:
- ---------- -------------------------------------------
This statement is filed by and on behalf
of (i) John J. Lattanzio, in his
capacity as (1) an individual holder of
Common Stock, par value $.001, of the
Company ("Common Stock"), (2) one of two
managers and the controlling member of
Lattanzio Group, LLC ("LG"), a
discretionary investment manager to
certain managed accounts, and (3) a
discretionary investment manager of his
minor child's investment account, (ii)
LG, and (iii) Michael J. Linn, in his
capacity as one of the two managers of
LG. The principal business address of
each reporting person is 88 Pine Street,
31st Floor, New York, New York 10005.
The shares of Common Stock which are the
subject of this Statement are held
directly by the managed accounts for which
LG or Mr. Lattanzio serves as discretionary
investment manager (collectively, the
"Managed Accounts") and by Mr. Lattanzio
directly.
Item 2(c): Citizenship:
- ---------- ------------
John J. Lattanzio and Michael J. Linn are
both United States citizens.
Item 2(d): Title of Class of Securities:
- ---------- -----------------------------
Common stock, par value $.001 per share.
Item 2(e): CUSIP Number:
- ---------- -------------
052661105
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Item 3: If this statement is filed pursuant to
- ------- Sec. 240.13d-1(c), check this box. [X]
------------------------------------
Items 4(a)-(c): Ownership:
- --------------- ----------
As of February 13, 1998:
(i) Mr. Lattanzio had beneficial ownership of
2,208,600 shares of Common Stock by virtue of
his position as (1) an individual holder of
Common Stock (519,700 shares of Common Stock
or 2.35%), (2) one of the two managers and
the controlling member of LG (1,598,900
shares of Common Stock or 7.22%), and (3) a
discretionary investment manager of his minor
child's investment account (90,000 shares of
Common Stock or 0.41%). Such shares represent
9.97% of the issued and outstanding Common
Stock. Mr. Lattanzio has sole voting power
and dispositive power over the shares of
Common Stock described in (1) and (3) above,
and shares voting power and dispositive power
over the shares of Common Stock described in
(2) above with Mr. Linn and LG.
(ii) LG had beneficial ownership of 1,598,900
shares of Common Stock by virtue of its
position as discretionary investment manager
to the Managed Accounts (other than Mr.
Lattanzio's minor child's managed account)
holding such shares of Common Stock. Such
shares represent 7.22% of the issued and
outstanding Common Stock. LG shares voting
power and dispositive power over such shares
with Mr. Lattanzio and Mr. Linn.
(iii) Mr. Linn had beneficial ownership of
1,598,900 shares of Common Stock by virtue of
his position as one of the two managers of
LG. Such shares represent 7.22% of the issued
and outstanding Common Stock. Mr. Linn shares
voting power and dispositive power over such
shares with Mr. Lattanzio and LG.
The percentages used herein are calculated
based upon the 22,159,530 shares of Common
Stock stated to be issued and outstanding as
of November 10, 1997, as reflected in the
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Company's Quarterly Report on Form 10-Q for
the three months ended October 4, 1997.
Item 5: Ownership of Five Percent or Less of a Class:
- ------- ---------------------------------------------
Not Applicable.
Item 6: Ownership of More than Five Percent on Behalf
- ------- of Another Person:
---------------------------------------------
No person other than Mr. Lattanzio as an
individual holder of shares of Common Stock
and the Managed Accounts is known to have the
right to receive or the power to direct the
receipt of dividends from or the proceeds of
sale of shares of Common Stock, except that
the respective shareholders, partners or
owners, as relevant, of the Managed Accounts
have the right to participate in the receipt
of dividends from, or proceeds upon the sale
of, the shares of Common Stock held for their
respective accounts.
Item 7: Identification and Classification of the
- ------- Subsidiary Which Acquired the Security Being
Reported on By the Parent Holding Company:
--------------------------------------------
Not Applicable.
Item 8: Identification and Classification of
- ------- Members of the Group:
------------------------------------
Not Applicable.
Item 9: Notice of Dissolution of Group:
- ------- -------------------------------
Not Applicable.
Item 10: Certification:
- -------- --------------
By signing below each of the undersigned
certifies that, to the best of the
undersigned's knowledge and belief, the
securities referred to above were not
acquired and are not held for the purpose of
or with the effect of changing or influencing
the control of the issuer of the securities
and were not acquired and are not held in
connection with or as a participant in any
transaction having that purpose or effect.
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SIGNATURE
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: February 17, 1998
LATTANZIO GROUP, LLC
By: /s/ John J. Lattanzio
Name: John J. Lattanzio
Title: Principal Manager
By: /s/ Michael J. Linn
Name: Michael J. Linn
Title: Manager
/s/ John J. Lattanzio
John J. Lattanzio
/s/ Michael J. Linn
Michael J. Linn
8
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EXHIBIT INDEX
Exhibit A: Joint Filing Agreement, dated February 17, 1998,
among the signatories to this Schedule 13G.
9
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Exhibit A
JOINT FILING AGREEMENT
PURSUANT TO RULE 13d-1(k)(1)
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
filing agreements. The undersigned acknowledge that each shall be responsible
for the timely filing of such amendments, and for the completeness and accuracy
of the information concerning it contained therein, but shall not be responsible
for the completeness and accuracy of the information concerning the others,
except to the extent that it knows or has reason to believe that such
information is inaccurate. This Agreement may be executed in any number of
counterparts and all of such counterparts taken together shall constitute one
and the same instrument.
Dated: February 17, 1998
LATTANZIO GROUP, LLC
By: /s/ John J. Lattanzio
Name: John J. Lattanzio
Title: Principal Manager
By: /s/ Michael J. Linn
Name: Michael J. Linn
Title: Manager
/s/ John J. Lattanzio
John J. Lattanzio
/s/ Michael J. Linn
Michael J. Linn
